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URA unveiled the measures at the beginning of this financial year with the aim of boosting compliance amongst taxpayers

Daily Monitor Thursday December 31 2020 Closed. A section of closed retail shops in Kampala during the lockdown that started in March. The Covid-19 pandemic has led to a severe contraction in economic activity due to a combination of global supply chain disruptions and sudden decline in demand. PHOTO/ RACHEL MABALA Summary  The World Health Organisation in March declared it a pandemic as it quickly morphed into a global crisis. The virus has in months spread across the world, leaving death in its wake. A global strategy of locking down countries quickly became the norm. Advertisement When th...

Manufacturers have asked Uganda Revenue Authority (URA) to delay the implementation of the Electronic Fiscal Receipting and Invoicing System. The system, which is expected to be implemented effective January 1, 2021 seeks to streamline and manage the issuance of receipts and invoices for tax purposes.  It is supported under the Tax Procedures Code Act 2014, which demands that once a transaction is initiated using any of the solution components, details are transmitted to URA in real time.  In a letter addressed to the Uganda Manufacturers Association (UMA) executive director, URA Commission...